Data Facts periodically shares external information to educate our lending clients on upcoming changes, shifts, and relevant news in the mortgage lending services industry that affects how they do business.
~Originally posted at Mortgage News Daily by Jann Swanson.
At $1.4 trillion, student loan debt represents the U.S.'s second largest debt market behind mortgages and, in several recent surveys, younger respondents have said those loans are a large reason they are unable to save up a downpayment to buy a home. The debt won't easily go away, but Fannie Mae now says it would like to make those loans a slightly little less painful presence in borrowers' lives.
